Apache Stock To Go Ex-dividend Tomorrow (APA)

NEW YORK ( TheStreet) -- The ex-dividend date for Apache Corporation (NYSE: APA) is tomorrow, April 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $93.82 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for Apache has been 2.9 million shares per day over the past 30 days. Apache has a market cap of $36.36 billion and is part of the basic materials sector and energy industry. Shares are up 4.4% year to date as of the close of trading on Tuesday.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company has a P/E ratio of eight, below the average energy industry P/E ratio of 8.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Apache as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Apache Ratings Report.

See our dividend calendar or top-yielding stocks list.

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